Neufund, a Berlin-based blockchain asset tokenisation and equity investment platform has raised €3 million halfway through its Equity Token Offering. The sum is double the value of offering’s soft cap. The capital injection comes from prolific European investors, namely VCs, angels, and private individuals.
Neufund was established in 2016 as a legally-enforceable link between an on-chain token and real-world equity, making the offer compliant under German jurisdiction. The company’s technology is enabling a virtually incorporated entity worldwide to conduct a public offering in the field of Blockchain. The funding is seen in a positive light especially when the public offering of Neufund’s parent company, Fifth Force GmbH, ends on December 16th.
What’s in stake?
The Equity Token Offering is an amalgamation of the advantages derived from a classical VC round, an IPO and an ICO. The issuers raise funds in ETH and EUR, enable tradability of tokens on secondary markets, easily conduct follow-up fundraising rounds, and build in other utility functions that help to enhance the governance of the investors.
Investors’ take on the funding & the future
Neufund has garnered the interest of its new investors from varied backgrounds, including Udo Schloemer (Factory Berlin founder and CEO), Chris Zippel, and Dario Suter. It has also sought safe investment from its existing investors, including Freigeist Capital and Atlantic Labs.
Neufund promises a refreshing change from the traditional VC and private equity world, iterates Michael Jackson, venture capitalist and board member of Volvo Cars, AXA Insurance, Blockchain. He also sees this as a step towards digitising real-world equity into blockchain-based tokens which brings a variety of benefits: Increased liquidity, programmable functions, full transparency and automated compliance.
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